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sdas [7]
3 years ago
12

Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, an

d lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data.
Raw Materials Inventory $4,400 Manufacturing Overhead Applied $33,100
Work in Process Inventory $5,750 Manufacturing Overhead Incurred $32,200
Subsidiary data for Work in Process Inventory on June 1 are as follows.
Job Cost Sheets
Customer Job
Cost Element Rodgers Stevens Linton
Direct materials $700 $900 $1,000
Direct labor 300 500 600
Manufacturing overhead 375 625 750
$1,375 $2,025 $2,350
During June, raw materials purchased on account were $4,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $500 incurred on account.
A summary of materials requisition slips and time tickets for June shows the following.
Customer Job Materials Requisition Slips Time Tickets
Rodgers $800 $800
Koss 1,900 800
Stevens 600 300
Linton 1,200 1,000
Rodgers 400 300
4,900 3,200
General use 1,600 1,300
$6,500 $4,500
Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $ 20,600. Each customer paid in full.
Business
1 answer:
kvv77 [185]3 years ago
6 0

Answer:

Raw Material (Dr.) $4,900

Accounts Payable (Cr.) $4,900

Factory Labor wages (Dr.) $1,400

Cash (Cr.) $1,400

Additional Overheads (Dr.) $1,300

Accumulated Depreciation (Cr.) $800

Accounts Payable (Cr.) $500

Explanation:

Work in process inventory (Dr.) $5,750

Manufacturing Overhead (Cr.) $5,750

Finished Goods Inventory (Dr.) $20,600

Work in process inventory (Cr.) $20,600

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There are only three stocks in the economy. Stock A has 20 shares outstanding and a price per share of $10. Stock B has 15 share
gregori [183]

Answer:

Market value of stock A = 20 shares x $10 = $200

Market value of stock B = 15 shares x $3   = $45

Market value of stock C = 10 shares x $5   = $50

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Amount to invest in stock A

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= $3,389.83

Explanation:

In this case, we will calculate the market value of each stock by multiplying the number of each stock by their corresponding market prices.

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3 years ago
indicators that the local currency is also the functional currency include all of the following except:
Alchen [17]

Indicators that the local currency is also the functional currency include all of the following except the parent typically provides the financing or provides a guarantee.

A functional currency is one that is utilized in the main economic setting in which a company conducts business. This is the setting in which an entity generates and spends money most frequently. When defining the functional currency of an entity, the following key considerations should be taken into account:

The principal currency influencing retail prices (usually the currency in which prices are denominated and settled).

The money of the nation whose laws and competition have the biggest impact on retail pricing.

The principal currency affecting labor expenses and other costs of goods sold (usually the currency in which prices are denominated and settled).

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6 0
1 year ago
A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site an
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Answer:

a) should install the solar cells

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annual expenses $2,400 (5 years)

NPV =  $27,097.89

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alternative 2, power line

initial investment $27,500

annual expenses $1,000 (5 years)

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b) $23,307.10

3 0
3 years ago
Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the A. supply of
prohojiy [21]

Answer:

<em>B. demand for Apple computers decreases.</em>

Explanation:

If two things are substitute of each and other, that generally in simple words means either this or this. As we can see in the statements that has been provided in the question that Dell and Apple computers are substitute of each other, <em>so if the amount from Dell computer decreases then the demand of the computers made by Apple company will absolutely decrease. </em>

Because two devices which carries almost same qualities and features are also substitute of each other, i<em>f price of one device from the both substitutes will decrease, everyone will rush to buy the device with low price and the device with high price will get less popular among the consumers.</em> So, this is the reason which says OPTION(B) is the correct answer.

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